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if china slows down? i had a fascinating conversation with one of china's top economists. right back. so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. >>> china's rapid rise over the last three decades is unprecedented in history. the growing demand of its 1.3 billion people has fueled growth in many parts of the world. what happens if china's economy hits a wall? won't that stop us all in our tracks? i had a fascinating conversation recently with a top chinese economist. david li is a professor at tsinghua university. we met in davos, switzerland. if you want to understand how the chinese are thinking, listen in. thank you for joining us. >> my pleasure. >> one of the big questions the people have had in the world, not just the western world, but everywhere. is china going to have a hard landing? meaning is the economy going to have a more dramatic slow down than anyone would expect which would have r
to the world if china slows down? i had a fascinating conversation with one of china's top economists. right back. on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. [ angry gibberish ] [ justin ] mulligan sir. mulligan. take a mulligan. i took something for my sinuses, but i still have this cough. [ male announcer ] truth is, a lot of sinus products don't treat cough. they don't? [ male announcer ] nope, but alka seltzer plus severe sinus does it treats your worst sinus symptoms, plus that annoying cough. [ angry gibberish ] [ fake coughs ] sorry that was my fault sir. [ male announcer ] alka seltzer plus severe sinus. [ breathes deeply ] ♪ oh, what a relief it is! [ male announcer ] try alka seltzer plus severe sinus day and night for complete relief from your worst sinus symptoms. [ male announcer ] try alka seltzer plus severe sinus day and night with the bing it on challenge to show google users what they've been missing on bing. let's bing it on. [fight bell: ding, ding] how many here a
carlson. breaking news overnight, and new report says china military has stolen important data from hundred target. they beefed up the military and hacking capabilities. should we be cutting ours? >> steve: more good nice, gas prices got hiked up for the 33rd day in a row. prices continue to soar, washington continues to stay silent. when can we expect in relief i ask. eric bombing. >> eric: if s your gun stored in a safe place? the new law that let's cops search legal gun owners who haven't broken any laws. fox and friends starts right now. >> gretchen: brian is extending his holiday weekend for another day. we have eric bombing sitting here. >> steve: can you believe it. a former oil trader on the couch and first, let's start with fox news alert. >> gretchen: major cyber security, a series of hacking attacks against the united states. heather joins us live with more. >> reporter: good morning to you. these are the startling findings in a new report that has just been released. the 74-page report says 141 major hacking attempts have been traced back to a secret group that is linked
years ago it looked pretty shakey. china camp state park in close when the state park system was battered by state budgetcuts. we have been in triage mode in the last few years in ha in addition to the historical china camp village, the park has some of the best single track mountain bike trails in the bay area, trails the mountain bike team train on. to come and hang out at the park. but concerned citizens of marin raised nearly a million dollars to save china camp from closure, money that was matched by another million dollars from state parks. saturday those fund raising groups signed a partnership with the state park system to formalize that agreement. that matching money, which was part of the undisclosed funds embarassingly discovered nearly two years ago in the state parks budget, will bring enough funding for three marin county parks to stay open for two and a half years. china camp, olompali, and samuel p. taylor. three ago. as welcome as those funds may be, state matching funds will not be available in the future and state park officials realize that partnerships wi
complaining that china is waging high profile cyber attacks on american computers. putting our national security and your personal information at risk. so, could this be the beginning of a whole new cold war, a different kind. former u.s. basms to the u.n. john bolton joins us next. an investigation into workers getting disability insurance. caught on camera looking pretty darn healthy. we're going to look a closer look at widespread problems costing you the taxpayer billions. and what has america come to when the top prize on a new reality show is nothing more than a middle class job? we're going to look at the new game show where the so-called reward is something that guarantee with anybody willing to put in some hard work. >> three additional companies will have a chance to pounce on the candidate that they themselves would like to hire. which candidate would you like to make an offer? when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lin grow longer, his pain continues to linger. but after a long day of helping
in southern china. four tourists decide and three others were injured. a couple of years earlier a balloon exploded immediately after taking off in the suburbs of vancouver, canada. to people died and 11 others were injured. and in 1995 strong winds forced a hot air balloon into the sea off the coast of new zealand. three of the nine people on board died. >>> italian election officials say no clear front-runner has emerged in national elections. the center-left coalition is projected to win a majority in the lower house of parliaments but results in the upper house were less certain. the country could be headed for political gridlock, raising concerns about the next leader's ability to tackle a number of economic problems. political analysts said the election amounted to a referendum on austerity measures imposed by the current government. officials have counted almost all of the ballots for the lower house. under election laws the political group with the most votes is given enough seats to claim a majority in that chamber. government officials say the center-left coalition captured 29.5%
watching it over in europe and china. that is what we are taking a look at. dagen: thank you. connell: the dow hitting 14,000 with nicole on the air. this is a snapshot of just how bad our deficits are going to be over the next ten years. dagen: rich edson is live in washington, d.c. rich: $1.1 trillion, that was our deficit for 2012. this is the most recent projections by the office. this year, a budget deficit -- the decade production was $2.26 trillion. these numbers will be much different. much worse. it must examine the budget as if congress does absolutely nothing. and current policy continues. we have had some changes. mainly that built that passed congress earlier in the year. millions of middle-class americans do not have to pay the amt. it also changed the estate tax bumping down the rate of little bit lower than what it had been over the exception of little bit higher. the numbers we just show you, the real numbers will be much worse. we will find out at 1:00 o'clock. back to you. dagen: are we going to be in a statement from the white house at 1:15 p.m.? rich: he will talk
of $27. you have 29 here. either way a big loss for gold. over in china, holiday, lunar new year. china is a big market. they have been taking a break for the lunar new year. the experts anticipate once the week gets back to normal and get back to the marketplace you may see gold turn around. here is some of the gold stocks, gold related stocks. you see losses of two, 3%. another thing we should factor in what a strong dollar we had recently, particularly yesterday when we got the news about the losing economies of germany, italy and france. that too. strong dollar will pressure gold. back to you. ashley: good point. thank you, nicole. thank you so much. we'll be back in 15 minutes. tracy: coming up, have stocks hit their ceiling for 2013 or is there more room to go? s&p capitalism q chief strategist, sam stovall, will weigh in on that next. ashley: let's look at the good ol' u.s. dollar. euro is against the dollar. the pound up. it's a mixed picture. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what
not want it. dagen: this oil will go to china. it will be refined there with much looser environmental standards on refineries in that nation. not to make fun of our northern neighbors, but do you really want to make this country mad? canada has made it clear that it could retaliate against the u.s. do we need to be worried about this? >> that is a great question. they are part of nafta. most of americans do not realize that our number one trading partner is not china, it is canada. i just really do not understand the rationale of not building this. it was the first reason that president obama gave. now, i see no reason, other than kowtowing to the very radical environmentalists and not bringing this to america. dagen: thank you very much. steve moore from the "wall street journal." thanks again. >> thank you, dagen. dagen: let's take a look at the u.s. dollar. trading down versus other major currencies today. agreeing not to target the exchange rates of world currencies. concerns that competitive devaluation could spark a currency war. let's just say, g20 kind of poo-poo'd this. are w
plenty of international worries which seem to accelerate last week, including new found weakness in china, the sell everything now call selled prophetic. especially some who articulated said they were articulate and it felt right. right into the teeth of the ugliness the market continued to soar and it continued into the beautiful opening where the dow was 80 points higher. some 200 points, keep that in mind above where the sales calls were made last week. it was a much better chance to sell. even though it came and went, it gave you a loud, large opportunity to get higher prices on the go out. if you wanted to take some profits and cash out for the mome moment. that's something i said i can't blame anyone for doing last week. if they're as nervous as some of you said you were in the calls to the show. we got a bunch of them. sure, that's not what matters. what matters is that if you truly thought that the market was too high to begin with or you were worried about italy or sequestration or gasoline prices or weakened china, you could have sold stocks had you waited for thursday's selling
saw in china sales rebounding last month, over 2% following a big drop in december. you're also joining baic motors in a joint venture there. how do you see the china sales progressing? and what percentage of your sales will now be in mainland china? >> well, we expect china to become our biggest market. last year, this was the united states. in china, we after a slowdown of our growth last year have made some decisions, including a board member for china, a new sales structure and recently the intended investment into bike. with these changes and, of course, lastly driven by our great product, we expect to regain momentum throughout this year. >> what happened in china? were you not -- should you not have been more aggressive going into that market which is clearly the growth opportunity here and where are you lagging rivals? >> well, first of all, we came many years later than our direct competitors. for about 60 years, we had a great catch up. we grew faster than our direct competitors. in 2011, we were almost at the level of one of the two competitors. 12 we lost momentum. t
our sovereignty said china, the u.s., now canada, even leaders doesn't permit us to monitor. doesn't permit us to report to international body. doesn't permit an international body to tell us what to do with emission. sovereignty has become the obstacle to cooperation and increasely made states look more and more dysfunctional. how is that the most powerful, well equipped military nation in the world has ever seen the united states of america can't bring a handful of terrorists to heal in benghazi or mali, or afghanistan. the asymmetry between a massive military based on big ships, planes, and bombs and the reality of every day -- cross borders that a symmetry means that the war machine, the war machine of the greatest state there ever was is largelier relevant to the security threats we face. as we learn on 9/11 when in this city, a handful of hijackers living in the united states for years hijacked our planes and turned them to weapons. they didn't have to be given weapons by anyone. they seize them and use them and created devastation here. that, again, is a sign of this new asy
would say other than europe and china, it has been an okay market. he looked at the middle east. you look dead parts of asia and greater asia-pacific. so it has been a good, broad spectrum of positive growth. liz: do you see any improvement? focus on europe. to you see any incremental growth there? >> i think our projections for the year are pretty flat. i think many positives that you will get in certain areas could be offset by further weakening. maybe even some of the, you know, whether it is a certain portion of france or germany, but in the u.k. is still suspect . no, i was going to call the flat and then held for the strategy, but there has to be hope. liz: be happy. something good happens, even though you say that china looks not as healthy as it has been in the past, you are striking some partnerships. you must be a believer. you will be doing a partnership involving mobile crane. would it be assembly? tell us about the relationship. >> we had a joint venture in track cranes cause of this is changing a partner that we had. so windy partner now, a large construction equipment
domestically. now we are exporting coal to china in record amounts. my presumption is tha china is burning that coal and going into a different atmosphere. gerri: y know, there is something funny about that because, you know, critics pang as all the time for having a higher co2 emissions, but it is not us anymore. is emerging countries like china, not us. thank you for coming on tonight. great to have you on the show. appreciate your time. >> pleasure to be here. gerri: as we have been telling you, cyber security attacks are on the rise. a new report from the compur security company says the secret of chinese military unit believed to be behind the attacks. th people's liberation army shanghai unit has stolen data from at least 140 organization since 2006. most of the victims in the united states. the information stolen ranges from the tells on mergers to e-mails from senior employees. meanwhile, the world's leading to a company has been hacked. after reporting some of the employees computers were hacked in the lightest known attack ever against apple made computers. the unknown hackers in
.s. coming up at 6:30 p.m. eastern live on c-span2. >> the communism of china is communism in name only these days. it is to preserve the power of the members of the communist party. they have basically thrown out most ideologies aside and it has now become a capitalist haven. communism now in china, they talked about marxism, leninism, but it's all about preserving their power economically. they threw aside most benefits of communism in a long time ago. in north korea, it is all about preserving the power of the military and the kim dynasty, as you have. it has nothing to do with what karl marx envisioned as communism. someone could do fascinating books on when communism moved into asia merged into something different in vietnam, cambodia, laos. then the communism in the eastern european countries, it is a fascinating split. >> former correspondent for ", washington "" keith richburg on 40 years of reporting and in sites around the world sunday at 8:00 on "q&a." >> congress is out this week, but today president obama record as a president -- congressional republicans to accept more tax
there to take care of the elderly. china -- china already has what is called a slow-motion human catastrophe where you are going to have literally hundreds of millions of people who are elderly with no state support whatsoever in terms of pension and health care and very little money to support them because they have this one-child policy and almost no progeny of their own. so what are the chinese going to do with her old people? it's a terrifying question. >> host: well, if you are convinced that this is a disaster of some kind what works and what doesn't? what can be done? what if anything can the government do to encourage women or families to have more children? >> guest: [inaudible] that is how we sell books. [laughter] people have been trying to do this for a long time. seasseas are augusta saw they ha fertility problem and the empire. he tried to get people to get married and have kids and it didn't work or that the soviet union had a fertility problem so stalin commissioned a motherhood medal giving it out to women who had five or more children. you can get them on ebay for $5 today
, especially fingerpointing in china and other countries. in this chapter i basically emphasized that other countries, do as i say, not as i did. and from the very good go america's motive industrialization was not focusing first on domestic innovation, but actually aggressive, widespread, enthusiastic, overt theft of european, especially british technologies. alexander hamilton was the most enthusiastic proponent, aulos official state policy, the need to go out and do this. interestingly enough another brown brother has a crucial role year, not john brown, the bad brother, the slave trader, the property from the war, but denies brown brother, the quaker, the pacifist, the abolitionist, moses brown. moses brown hired samuel slater. simulator is considered the grandfather of the american industrial revolution. he has been credited. prole in overstatement. but cut it would appeal any side and he will be credited to my tab forever in history. well, who? the smuggle himself in the fines of extraordinary strict british innovation loss that did not allow machinists skilled artisans like insult to
look at who has the state visits. there were india, china, mexico, korea, germany. it would be a spectacular thing for canada and u.s. relations if the two agreed to host reciprocal states. one year it could have them come here and spent time with obama's then the next year they would go up there. it is symbolic. it is like in canada that where host the royals. you also remember your history and pay attention to the way -- we have had an -- we have not had one since 1997. surely you can do it with canada. the keystone is not approved, we cannot have this conversation. for the keystone getting approved and the state visit if you do not mind. >> there you go. >> there was a moment in the presidential race during the republican primaries. i cannot remember who said it. one of the candidates talked about the keystone and set it to president obama to drive canada into the arms of china. i want to ask paul -- or in washington are skeptical about that. they say that they will send this oil to china, but will they get the pipeline built? what are you seeing on how likely this will b
the sequester would result the communism of china is coming to name these days and it preserves the power of the members of the communist party but they basically through most ideology aside whether he opened the country up and is now become a capitalist haven, the communism now in china they talked at great length that the congress is about marxist lennon etc. but it's all about preserving the party's power economically as the country continues to grow because they threw aside most vestiges of communism a long time ago. and north korea, it's all about preserving the power of the military and the kim dynasty and it has nothing to do with what karl marx vision of communism way back. it's a fascinating book somehow on how communism when it moved into asia it diverged into something different in vietnam, cambodia, north korea, and the communism that appeared in europe and eastern european countries that is an absolutely fascinating split that occurred now the public affairs channel and the magazine hosted a discussion on u.s.-canadian relations. speakers include the canadian ambassador to th
the water aquarks afers and if we don't take it here, china will take it they have no pollution control there . there will be a psychological impact if you take oil tarsanings. up in canada. they are third behind venezuela and saudi arabia in the amount of reserves and equal to two-thirds of what venezuela sales on the market. it would be a psyche longical impact. >> emac bringings up a fantastic point. the way they drill for oil in places like venezuela and russia is awful. compared to our oil spims and there is it always a risk and a dange in getting these things, but don't we do it best? >> you will not have. if youment perfection go and live in a cave. this is private money willing to take the risk . how about easing restrictions on federal lands and have the fly. if pime want to put up the capitol for it great. we'll be the beneficial. >> environmentam i felt are against any plan to get oil. >> you might be getting a bit carried away. let me respond to a few things. to rich's point that it will create stability. if we could be assured that the oil coming in the refinement that oil
, the orders are strong. but you know what? they aren't as strong as they could be later this year if china keeps improving as we heard from joy global, competitor to c.a.t. i think china will get better, caterpillar could easily head back to 116 where it was last year before we heard they weakened. the story makes a ton of sense, don't look for c.a.t. to hold the dow back. next up, frank blank's home depot. that stock's responsible for the third biggest gain in the dow rallying nearly 276% for the bottom or 320% with the dividends. blake reinvented home depot or brought it back to its roots. in fact, we are only just now beginning to see the tail wind of the housing recovery impact home depot's earnings. boosting dividend, buying back stock like crazy. and i think it's just getting started which is why my charitable trust has such a big position in home depot. if we're only in the first inning of the housing recovery, as i think, building just 1 million homes this year when we might as well need 2 million, that's how -- there's a lot of demand. home depot has much more room to run. disney'
know, even china told them not to go ahead with another test, so i guess what more sanctions do anything? what can the u.n., the international community do? >> well, there has to be a pay back for what north korea just did with this underground nuclear test. yes, more sanctions, but the key is going to be china china really has not done as much as they should in terms of curbing food and fuel. i think they'll be up against the wall and they probably will take that step. i think as you said, chris, after these additional sanctions, what next? we can't continue to isolate north korea because they have nuclear weapons. they have a million and a half men in arms. they have missiles. they're a danger in northeast asia. so what needs to happen is a new kind of diplomacy, new kind of dialog. i think south korea, the new leadership in china and south korea in the region needs to step up with the united states and develop a credible diplomatic strategy, one that involves north korea saying to them, look, this nuclear path is going to be totally against your interests. let's find ways to
. a chicken scare in china led to disappointing earnings at yum! brands. shares fell yesterday after yum! released disappointing earnings news. kfc, which is owned by yum!, saw a dramatic drop in its china sales following news of a chemical residue found in the chain's chicken supply. yum! revised its full-year outlook, stating that it expects sales to shrink. meanwhile, bp says oil production has fallen, while costs are up. that means profits are down, but the company managed to beat wall street expectations. and, a turn-around for zynga. the online gaming site posted a profit in the 4th quarter, topping wall street's expectations. shares popped 5% in after-hours trading. the ftc corrects its statement about herbalife: the agency now says language about a pending law enforcement investigation into herbalife is incorrect, saying that it should have cited a foreign government agency. herbalife stock had a wild ride on that erroneous news monday, dropping more than 12% before closing with a slight gain for the day. yesterday was a much milder. the stock rallied 21 cents. a billion dollars.
journal" right after this break. ♪ >> the communism of china basically is communism in name only. it is to preserve the power of the members of the communist party. the basically through most of the ideologies behind and the country was opened up, and it is now a capitalist haven. communism now in china, the talk at great lengths at these congresses about marxism, leninism, etc., but it is all about preserving the party's power, economically, as the country continues to grow, because they threw away most vestiges of communism months ago. -- years ago. in north korea, it is all about preserving the kim dynasty and the military. it has nothing to do with what karl marx envisioned as coming in some way back. somebody could do a fascinating book on how communism, when it moved into asia, diverged into something in -- something different in vietnam, korea, then something that occurred in european countries. >> keith richburg on 34 years of reporting and insight from around the world. sunday at 8:00 on c-span's "q&a." >> "washington journal" continues. >> we are back with annie lowry,
it to talk about what yum! brands is doing big picture. there were concerns in china pertaining to poultry and. there were a scare. too many antibiotics in the chicken. they saw sales drop at kentucky fried chicken. that is huge revenue generator for yum! brands. they have taco bell, kf. consider and pizza hut. the kfc got hit over in china. they're severing ties with some suppliers over in china. we'll see what that does. the latest numbers were a disappointment. over the last three months, down 11%. lori: don't mess with my kfc. thank you, nicole. melissa: do you have a financial safety net? according to research published by bankrate.com, a shocking number of americans do not. nearly a quarter or 24% admit to having more debt on their plastic than they have money in the bank. 55% of the americans say they have more emergency savings than debt on their credit card at least. more men than women are prepared with emergency funds instead of shoe funds. that is according to the survey. 60% of the men surveyed say they have more savings than debt. while only 49% of woman could say this. lori:
, in general, that the people's republic of china carries out the largest number of attacks from mainland china against u.s. interests. mainland china and the peoples republic there. they managed to carry out, also 3500 front organizations in this country specifically to hack, acquire, steel, however you want to say it, military secrets. all of which have been the victims of cyber attacks. they say, well, nothing very much was, you know, taken from us. we do not know who did it. rest assured, it was a temporary problem and has since been fixed. it is repeated by the day. lori: do you think that these cyber attacks are escalating toward something bigger? to your point, you mentioned how the attacks happen every day, yet we are clueless to most of them. lou: we have to be very honest about this. all of our intel agencies, do they really presume that they will be telling what the nature of the attack was? it may be for intelligence reasons that they are not saying who it is. we know, generally, that china is the source of most of them. we know, generally, that anonymous, this group protesting , as
thing was to deal with china, which you could do separate from negotiations and separate root from all the processes because really that's, china is just a huge emitter. and, you can't deal with the problem without them. i mean you can't deal without us either but you can't deal without them. he might make that a focus. that might improve things. but really, maybe some difference. i wouldn't say a lot. >> and from your time back in the state department in the clinton years you were involved in some early efforts to curb greenhouse gas emissions. i don't know if you have any perspective on less sorns learned -- lessons learned in the approach tried then. >> i think we made a number of mistakes. it was me at least in part. what did we really learn? i think the most important lesson from kyoto is you can not negotiate a treaty unless you're prepared to do stuff at home to meet the requirements. and i think, it wasn't enough thinking that went into what it is that the u.s. was prepared to do domestically before kyoto was negotiated. and then of course we had other reasons it was never subm
collar workers, i mean unions as far as industrial are pretty much dead. you move your plants to china and mexico. host: patrick rice, your response to what he had to say. guest: if he's arguing we're on the brink of a social revolution, it would seem to me that, i can't see in the future and i don't want to say he's wrong, but we've been endured tougher economic situations in the past without peel launching a full-scale revolution. now if he's saying that we're looking at an economic downturn, i think there are a lot of economists who agree. we could be seeing an economy where essentially the wealth disparity rises. we have a smaller group who are taking home a lot of benefits of the economy and a very large group who are seeing very little of it. that's something a lot of economists are worried about. and so, i think the question going forward will be is that something that the federal combovement wants to address, -- is that something the federal government wants to address. or is it the dominant, american philosophy that the economy will play out as it may, they end up where they e
china, russia and some of the mideast countries want to have more government involvement in the development of the internet. the u.s.-led involvement in the internet, they're concerned about the multi-stakeholder private-sector governance of the internet which i think has led to the internet's wonders of the great development of that and i'm very much on the side of the united states on this. and by the way this is one area in which the republicans or democrats, this is the one area that they can easily agree on. now on the other hand some republicans point to exactly the point that you make and that is there is some hypocrisy here. we are saying hey wait a minute we want a free network that on the other hand we want rules like network neutrality here domestically and we won't want to have the government involved in the international sphere. i think on the other hand some folks who support the network neutrality rules would say there is quite a difference between those two instances and that would not be a fair comparison. i probably am on the side of the import to your q
for themselves. the worst is bill clinton because he signed a free-trade agreement with china. host: nafta? caller: not that. the free-trade agreement with china that gave china most- favored-nation trading status that allowed all of our jobs to go to china. host: richard says that bill clinton was his least favorite. our first caller said that bill clinton was his favorite. on january 23, 1996, here is president clinton during his last state of the union address from his first term. [video clip] >> we know government does not have all the answers. we know there's not a program for every problem. [applause] we know and we have worked to give the american people a smaller, less bureaucratic government in washington. we have to give the american people one that lives within its means. [cheers and applause] the era of big government is over. [cheers and applause] but we cannot go back to the time when our citizens or left to fend for themselves. [cheers and applause] instead we must go forward as one america, one nation working together to meet the challenges we face together. self-reliance a
... to move oil around, is the best approach. to move that oil to the west and send it to china on tankers that are fueled by diesel, it leaves a much greater carbon footprint. in addition, that oil will make it to the united states, whether there's a keystone pipeline or not. in the event it makes it to the united states it will come by other forms of transportation which are far less energy-efficient, thus deepening that footprint. >> woodruff: you're saying it would go to other countries and then come... >> i would say there are two options. it's either going to go to china or come to the united states. in either event the carbon footprint will be deeper. the further point about whether or not an oil pipeline somehow endangers the land which it crosses i think has been asked and answered so many times it's no longer a relevant consideration. look, the map of the united states is literally a spider web of oil and product pipelines. >> woodruff: you're saying already. >> already. the fact of the matter is the chances of sustaining a spill of oil out of an oil pipeline is 1 quarter the amo
intellectual property theft debate, finger-pointing at china and other countries. i basically emphasize is do is they say, not as they did and from the get-go, america's mode of industrialization was not focusing first on domestic innovation, but aggressive widespread enthusiastic over past, especially british technologies. alexander hamilton was the most enthusiastic upon it, almost official state policy to go out and do this. interestingly enough, in other brown brother has a crucial role here. not john brown the bad rather come the slave trader, profiteer, but the nice brother, the quaker, pacifists, abolitionists. how did mrs. brown play a role here? he hired samuel slater. they are considered the grandfather of the american industrial revolution. probably an overstatement, but go to wikipedia and he will be credited. he actually smuggled himself out of england in defiance of extraordinarily strict british immigration laws that did not allow machine has come artisan precisely because if he did would end up helping countries other than england. smuggled himself to new york. heard about him
, today, kfc is launching a campaign to rebuild its brand in china. kfc has 4,000 restaurants in china. the biggest fast-food chain in china. customers started to stay away after television reported some of the suppliers violated rules and used drugs to fatten up chickens. sales in china fell more than a third. the company says it will stress strict management and they will drop any supplier that does not follow the rules. >>> the bay area has a big presence on the "sought today's" miss of 100 restaurants -- on the "usa today's" miss of 100 restaurants on the list. the french laundry is number one. seven other local restaurants on that very special list. >>> all right. it is 7:53. we'll have a check on traffic and weather -- next on "mornings on 2." you can't move the tv there. yuh-huh. we have a wireless receiver. listen. back in my day, there was no u-verse wireless receiver that let you move the tv away from the tv outlet. we can move it to the kitchen, the patio, the closet and almost anywhere. why would you want a tv in the closet? [ both laugh ] ♪ [ fancy voice ] brilliant idea
. the cyber threat that we have been talking about drought the week from china. also from russia, the rules that they live by and how those rules do not apply to terrorist organizations. dagen: former senator scott brown says harry reid will not budge until he can take more from the rich. connell: boeing ceo and the need to get that dreamliner airborne again. dagen: with the academy award coming up, we have combined our love of the movies with business. we are asking some ceos which movies inspired them. trading places, casino, it's a wonderful life -- we will give you the answer after the break. ♪ stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail manicks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a
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